8-KLeadership ChangesExhibits & Filings

DOLLAR TREE, INC. 8-K Report, Executive Changes (Feb 4, 2009)

Filed February 4, 2009For Securities:DLTR

Summary

Dollar Tree, Inc. (DLTR) filed a Form 8-K on February 4, 2009, primarily disclosing compensatory arrangements for its Chief Financial Officer, Kevin Wampler. The filing confirms the award of 40,000 nonqualified stock options and 15,000 restricted stock units, both vesting over three years. These awards were granted on January 30, 2009, with the stock options having an exercise price equal to the fair market value at the time of the award. This filing provides transparency regarding executive compensation, specifically key incentive awards designed to retain and motivate top management. Investors should note that these awards are subject to a vesting schedule, meaning the CFO will not fully own the equity until the specified period has elapsed. The company also provided the forms of these award agreements as exhibits to the filing.

Key Highlights

  • 1Kevin Wampler, CFO, awarded 40,000 nonqualified stock options on January 30, 2009.
  • 2Kevin Wampler also awarded 15,000 restricted stock units on January 30, 2009.
  • 3Both stock options and restricted stock units vest in equal amounts over a three-year period.
  • 4Stock options were granted with an exercise price equal to the fair market value on the award date.
  • 5The filing includes the forms of the award agreements as exhibits (10.1 and 10.2).

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose compensatory arrangements for Dollar Tree's Chief Financial Officer, Kevin Wampler, specifically the award of stock options and restricted stock units.

Both the 40,000 stock options and 15,000 restricted stock units awarded to Kevin Wampler will vest in equal amounts over a period of three years from the award date of January 30, 2009.

The exercise price for the 40,000 nonqualified stock options is equal to the fair market value of Dollar Tree's stock on the date of the award, January 30, 2009.

Yes, the forms of the award agreements for the stock options and restricted stock units are filed as Exhibits 10.1 and 10.2 to this Form 8-K, making them publicly available.